Flowserve
Market Cap
US$5.5b
Last Updated
2019/08/22 23:36 UTC
Data Sources
Company Financials +
Executive Summary
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally.
Snowflake
Fundamentals
Established dividend payer with adequate balance sheet.
Risks
- Flowserve has significant price volatility in the past 3 months.
Similar Companies
Share Price & News
How has Flowserve's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.3%
NYSE:FLS
2.9%
US Machinery
2.1%
US Market
1 Year Return
-18.9%
NYSE:FLS
-6.0%
US Machinery
-0.04%
US Market
FLS underperformed the Machinery industry which returned -6.6% over the past year.
FLS underperformed the Market in United States of America which returned 0.2% over the past year.
Share holder returns
| FLS | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | 2.9% | 2.1% |
| 30 Day | -20.5% | -9.4% | -3.2% |
| 90 Day | -14.1% | -0.8% | 2.8% |
| 1 Year | -17.5%-18.9% | -4.1%-6.0% | 2.2%-0.04% |
| 3 Year | -9.6%-14.1% | 37.0%28.1% | 41.5%32.3% |
| 5 Year | -40.5%-45.0% | 37.9%20.8% | 55.0%37.8% |
Price Volatility Vs. Market
How volatile is Flowserve's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Now The Time To Look At Buying Flowserve Corporation (NYSE:FLS)?3 weeks ago | Simply Wall St
A Look At The Intrinsic Value Of Flowserve Corporation (NYSE:FLS)1 month ago | Simply Wall St
Here’s What Flowserve Corporation’s (NYSE:FLS) Return On Capital Can Tell UsValuation
Is Flowserve undervalued based on future cash flows and its price relative to the stock market?
26.48x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Flowserve's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Flowserve's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Flowserve is overvalued based on earnings compared to the US Machinery industry average.
Flowserve is overvalued based on earnings compared to the United States of America market.
Price Based on Expected Growth
Flowserve is poor value based on expected growth next year.
Price Based on Value of Assets
Flowserve is overvalued based on assets compared to the US Machinery industry average.
Next Steps
Future Growth
How is Flowserve expected to perform in the next 1 to 3 years based on estimates from 12 analysts?
24.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Flowserve's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
Flowserve's earnings are expected to grow significantly at over 20% yearly.
Flowserve's revenue growth is positive but not above the United States of America market average.
Flowserve's earnings growth is expected to exceed the United States of America market average.
Flowserve's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Flowserve is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Flowserve performed over the past 5 years?
-42.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Flowserve's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
Flowserve has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
Flowserve has become profitable in the last year making it difficult to compare the US Machinery industry average.
Return on Equity
Flowserve has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Flowserve used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
Return on Capital Employed
Flowserve's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Flowserve's financial position?
Financial Position Analysis
Flowserve is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Flowserve's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Flowserve's level of debt (82.8%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (61.4% vs 82.8% today).
Debt is well covered by operating cash flow (20.5%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 8.4x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 1.7x debt.
Next Steps
Dividend
What is Flowserve's current dividend yield, its reliability and sustainability?
1.94%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Flowserve's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
Flowserve's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
Dividends per share have been stable in the past 10 years.
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (3.6x coverage).
Next Steps
Management
What is the CEO of Flowserve's salary, the management and board of directors tenure and is there insider trading?
2.1yrs
Average management tenure
CEO
Robert Rowe (48yo)
2.3yrs
Tenure
US$8,702,469
Compensation
Mr. Robert Scott Rowe has been Chief Executive Officer and President of Flowserve Corporation since April 1, 2017. Mr. Rowe served as the President of Cameron International Corporation since October 1, 201 ...
CEO Compensation Analysis
Robert's remuneration is about average for companies of similar size in United States of America.
Robert's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
2.1yrs
Average Tenure
51yo
Average Age
The tenure for the Flowserve management team is about average.
Board Age and Tenure
5.0yrs
Average Tenure
58.5yo
Average Age
The tenure for the Flowserve board of directors is about average.
Insider Trading
Flowserve individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 5,761 |
| Max Price | US$49.32 |
| Entity | Individual |
| Shares | 6,818 |
| Max Price | US$44.75 |
Ownership Breakdown
Management Team
Jay Roueche (52yo)
VP of Investor Relations & Treasurer
- Tenure: 6.8yrs
- Compensation: US$930.59k
David Wilson (50yo)
President of Pumps Division
- Tenure: 1.1yrs
- Compensation: US$2.08m
Robert Rowe (48yo)
President
- Tenure: 2.3yrs
- Compensation: US$8.70m
Lee Eckert (52yo)
Senior VP & CFO
- Tenure: 1.8yrs
- Compensation: US$2.73m
Elizabeth Burger (48yo)
Senior VP & Chief Human Resources Officer
- Tenure: 1.3yrs
- Compensation: US$1.67m
Keith Gillespie (53yo)
Senior VP & Chief Sales Officer
- Tenure: 2.8yrs
- Compensation: US$2.10m
Scott Sullivan
Chief Ethics & Compliance Officer & VP
- Tenure: 4.3yrs
Kirk Wilson (52yo)
President of Flow Control Division
- Tenure: 3.9yrs
Lanesha Minnix (44yo)
Senior VP
- Tenure: 1.2yrs
Tauseef Salma
Vice President of Marketing & Technology
- Tenure: 0.5yrs
Board Members
Rick Mills (72yo)
Independent Director
- Tenure: 12.3yrs
- Compensation: US$239.99k
John Garrison (58yo)
Independent Director
- Tenure: 0.8yrs
- Compensation: US$25.00k
Roger Fix (66yo)
Non-Executive Chairman
- Tenure: 2.3yrs
- Compensation: US$349.99k
Gayla Delly (59yo)
Independent Director
- Tenure: 11.6yrs
- Compensation: US$262.99k
John Friedery (63yo)
Independent Director
- Tenure: 12.0yrs
- Compensation: US$234.99k
Joe Harlan (60yo)
Independent Director
- Tenure: 12.0yrs
- Compensation: US$224.99k
Dave Roberts (58yo)
Independent Director
- Tenure: 7.8yrs
- Compensation: US$239.99k
Ruby Chandy (57yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: US$239.99k
Michael McMurray (54yo)
Independent Director
- Tenure: 0.8yrs
- Compensation: US$25.00k
Robert Rowe (48yo)
President
- Tenure: 2.3yrs
- Compensation: US$8.70m
Company Information
Flowserve Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Flowserve Corporation
- Ticker: FLS
- Exchange: NYSE
- Founded: 1912
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$5.483b
- Shares outstanding: 131.17m
- Website: https://www.flowserve.com
Number of Employees
Location
- Flowserve Corporation
- 5215 North O'Connor Boulevard
- Suite 2300
- Irving
- Texas
- 75039
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FLS | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1980 |
| FWV | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1980 |
| 0IQE | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jan 1980 |
| FLS * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1980 |
Biography
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The c ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/22 23:36 |
| End of Day Share Price | 2019/08/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.